How to Calculate Mine Retirement Pension

To calculate the pension you need to know: the length of service, the salary for the position, the salary for a special title, the percentage bonus for the length of service.

The pension is calculated as a percentage of salaries on a post, a special rank and bonus for years of service. Preferential 20 years are 50% of above amount. Each benefit year adds another 3% to the above amount. However, the total pension may not exceed 85% of the above amount.

For clarity, consider an example. Length — 28 grace. The salary for the position is 10 000 rubles, salary for a special rank — 3 000 rubles. Percent allowance for years of service — 70% ( i.e., a factor of 0.7 multiplied by the sum of salaries by position and rank (10000 3000=13000)), we get 0,7*13000=9100 roubles.

We have the amount: 10000 + 3000 + 9100 = 22100 rubles. This is the basic estimated amount. In order to get the amount of pension, it is necessary to multiply it by the corresponding coefficient.

As stated above, 20 grace years give 50% of the basic estimated amount (in our case it is 22100 rubles).

Each grace year over 20 years gives another 3%. At us - 28 years (that is 8 * 3 = 24%). Summing up 50% (20 grace years) and 24% (8 grace years). We get 74%.

So, the amount of our anticipated pension will be 74% of the basic estimated amount (22100 rubles). Multiply 0.74 by 22100 and get 16354 rubles. This is the future pension.